Topic results Depreciation

CCH Fixed Asset Register
Posting Depreciation
The document outlines the process for managing depreciation within a system that automatically recalculates it after each asset movement. Users can generate a Fixed Asset Report and post depreciation entries back to CCH Accounts Production via designated options. Three journal entries are created: the Depreciation Journal, Revaluation Journal, and Profit/Loss on Disposal Journal, each serving specific accounting functions. The document also notes that rerunning the depreciation process replaces previous entries, and users must navigate away from the posting screen to view updated data in Accounts Production.
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Twinfield
Reverse Depreciation
The document outlines the process for reversing depreciation within a fixed asset module, detailing the steps required to create a system journal in financials. Users must select the asset, choose the 'Reverse depreciation' option, and fill out necessary information such as the periods for reversal, comments, and options regarding manual depreciation. Key considerations include defining the period until the first use and ensuring appropriate documentation of the reason for the reversal. Finally, users must click 'Reverse' to complete the action.
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CCH Fixed Asset Register
No Depreciation Calculated
This document explains that no depreciation is calculated in the Fixed Asset Register if the asset entry is dated on the last day of the year and the option to calculate a full year's depreciation is not selected. It also addresses a potential issue where a "Success - 0 journals posted" message may occur due to unbalanced draft journals. To resolve this, users should delete unposted journals before attempting to post depreciation again.
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